Growth
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India's services sector growth hits seven-year high in Feb: PMI
Business | Mar 04, 2020, 05:08 PM ISTThe IHS Markit India Services Business Activity Index rose from 55.5 in January to 57.5 in February. This is the fastest expansion in services output since January 2013. Service providers saw a marked increase in new work intakes during February, the second-fastest in over seven years.
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High inflation to complicate growth issues: analysts say, warning of stagflation
Business | Jan 13, 2020, 08:52 PM ISTSpike in headline inflation is an "unwanted complication" in a slowing economy and will prevent the Reserve Bank from cutting rates, analysts said on Monday, warning of the "spectre of stagflation" that India risks getting into.
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Three Indian cities named world's fastest growing cities list
India | Jan 10, 2020, 07:18 AM ISTThree Indian cities have been listed as the world's fastest-growing urban areas, a survey by the Economist Intelligence Unit (EIU) revealed. Malappuram, Kozhikode and Kollam were the only three cities to make it to the top 10 of the world's fastest-growing cities.
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US wants to ensure India's data localisation plan doesn't stymie growth in transactions: Mnuchin
World | Dec 06, 2019, 03:33 PM ISTData localisation is the practice of physically storing data on servers located within a country’s territory. The Reserve Bank of India had, in April last year, asked payment firms to ensure their data were stored exclusively on local servers, setting a tight six-month deadline for compliance.
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RBI may cut interest rates again to support growth
Business | Dec 01, 2019, 02:43 PM ISTRBI has cut interest rates on every single occasion the multi-member monetary policy committee (MPC) has met since Shaktikanta Das took over as the Governor of RBI in last December.
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Bengaluru's MG Road tops APAC list of 20 cities with highest office rental growth
India | Nov 25, 2019, 02:57 PM ISTConnaught Place in the National Capital Region (NCR) and Bandra Kurla Complex (BKC) in Mumbai are ranked 7th and 11th in the 20 fastest growing prime office markets in the Asia-Pacific region,
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MakeMyTrip looks to add over 10,000 alternative accommodations in India in 2020
Business | Nov 17, 2019, 12:25 PM ISTCurrently, the company has 1,70,000 bookable properties in India and overseas in the alternative accommodation segment which includes villas, apartments, homestays, guesthouses and hostels, among others.
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Turbulence in world politics hurting growth: Moody's
Business | Nov 11, 2019, 02:22 PM ISTThe antagonistic political environment is weakening global and national institutions, lowering the shock-absorption capacity of sovereigns with high debt burdens and low fiscal buffers, it said.
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India manufacturing activity growth drops to 2-year low in Oct: Report
Business | Nov 01, 2019, 12:33 PM ISTThe PMI data for October showed a continuation of manufacturing sector weakness in India, "with sales growth softening to the slowest in two years", said Pollyanna De Lima, Principal Economist at IHS Markit.
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IMF sees Indian economic growth rebounding to 7 pc next fiscal
Business | Oct 23, 2019, 04:06 PM IST“We see the Indian economy rebounding from our projected 6.1 per cent growth this fiscal year to something like 7 per cent in the next fiscal year (2020). We see the factors that will support growth, including monetary policy stimulus, working their way through the pipeline,” Jonathan Ostry, Deputy Director, Asia Pacific Department at the IMF, told reporters.
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India has worked on fundamentals, but problems needs to be addressed
India | Oct 17, 2019, 11:12 PM ISTThe International Monetary Fund on Thursday said though India has worked on the fundamentals of its economy, there are problems, including the long-term drivers of growth, that need to be addressed.
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Bank credit growth slows to 10.24%, deposits at 9.73%
Business | Sep 12, 2019, 08:24 PM ISTIn the previous fortnight to August 16, advances grew 11.64 percent to Rs 96.82 lakh crore and deposits by 10.15 percent to Rs 126.80 lakh crore.
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Industrial output rises 4.3 per cent in July
Business | Sep 12, 2019, 06:25 PM ISTFactory output, as measured in terms of Index of Industrial Production (IIP), had expanded 6.5 per cent in July 2018.
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Domestic growth of India's computer services to cut 'over-reliance' on exports: UNCTAD
Business | Sep 05, 2019, 10:59 AM IST"The computer services industry in India is increasingly catering to the domestic market, leveraging expertise gained from exporting while at the same time reducing an over-reliance on such exports," the report said.
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Growth of eight core sectors slows to 2.1% in July
Business | Sep 02, 2019, 07:04 PM ISTGrowth of eight core industries dropped to 2.1 per cent in July, mainly due to contraction in coal, crude oil and natural gas production, according to a government data released on Monday.
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From FPIs surcharge to good news for Auto sector: Top business headlines at this hour
Business | Aug 23, 2019, 07:07 PM ISTFollowing are the top business stories of Friday, August 23. Nirmala Sitharaman's much-awaited announcement on FPI surcharge is finally here along with some good news for Auto sector that was witnessing its worst crisis in decades. IndiaTvNews.com brings to you the business news round-up of the day.
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Esri registers robust growth of 20 per cent in India
Business | Aug 22, 2019, 11:19 PM ISTHe said the GIS is critical to many of 41 focus areas identified by the Niti Aayog and several government departments are applying it to solve problems in mapping, forestry, water resources, smart cities.
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Modi govt focused on accelerated growth led by pvt sector: NITI Aayog Vice Chairman
India | Jul 18, 2019, 05:19 PM ISTThe focus of the second term of the Narendra Modi government is accelerated economic growth led by the private sector and private enterprise, according to NITI Aayog Vice Chairman Rajiv Kumar who asserted that India will be at the "cusp of a major transformation" over the next five years.
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Air India pilot says suspended for taking hair growth treatment; moves High Court for relief
India | Jun 03, 2019, 05:57 PM ISTThe incident occurred last year and the pilot has now challenged in the Delhi High Court the DGCA and Civil Aviation Ministry's decisions to suspend him.
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Cash transfer to farmers, middle-class tax relief to boost growth: Moody's
Business | Feb 05, 2019, 05:28 PM ISTIt said that while the middle-class tax relief will weigh somewhat on direct tax revenues, GST collections will continue to pose risks to indirect tax collections if they fall short of budgeted expectations.